Wärtsilä plans to reduce 400 jobs in its support functions
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, October 18, 2010 at 11.00 EET
Following an analysis of its support functions, Wärtsilä has decided to
implement a global design for each function to support the businesses in the
most efficient way. The analysis indicates that there are overlapping activities
and a need to adjust organisations to a new way of working and to lower volumes.
Wärtsilä will initiate processes to reduce approximately 400 jobs globally in
its support functions and Information Management services.
Of these job reductions, approximately 130 are planned for Finland. The
remaining reductions are planned to be carried out in 30 countries. The
consultation processes will be initiated in the affected countries according to
local practices and legislation.
In its Information Management activities, Wärtsilä plans to establish strong
competence centres in China and India to support its growing Asian markets.
"Although there are signs of recovery in the market, competition and price
pressures will remain intense. To safeguard our competitiveness and good
performance into the future, we need to shape and dimension our support
organisations to this changing market environment. This will have an impact on
many jobs, and unfortunately we cannot avoid redundancies," says Raimo Lind,
Executive Vice President & CFO.
At the beginning of 2010 Wärtsilä announced its plan to reduce approximately
1,400 jobs globally and to move part of the manufacturing from Europe to China.
The current plan regarding the support functions is part of this overall plan.
In the Netherlands, the consultation process has been finalised and the process
to reduce 570 jobs, which includes the support functions, is proceeding
according to plan. Also, in France a streamlining process that includes the
support functions is ongoing.
All in all, the number of employees has reduced globally during 2010 by 840
people. At the end of September 2010 Wärtsilä had 17,704 employees (18,541 at
the end of 2009).
For more information, please call
Mr Raimo Lind
Executive Vice President & CFO
Tel +358 10 7095640
Mr Atte Palomäki
Group Vice President, Communications & Branding
Tel +358 10 7095599
Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of the
vessels and power plants of its customers. In 2009, Wärtsilä's net sales
totalled EUR 5.3 billion with more than 18,000 employees. The company has
operations in 160 locations in 70 countries around the world. Wärtsilä is listed
on the NASDAQ OMX Helsinki, Finland.
[HUG#1452528]
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Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 18.10.2010 - 10:01 Uhr
Sprache: Deutsch
News-ID 45788
Anzahl Zeichen: 0
contact information:
Town:
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Kategorie:
Business News
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